European stocks rose on Monday as signs of economic progress had offset concerns over the increase in coronavirus cases in the United States and India.
Up to 2% last week, the Stoxx Europe 600 SXXP,
up 1.6%.
HSBC Holdings HSBA shares listed in London,
and chartered STAN standard,
it jumped, responding to the great rally in Asian stocks.
The SHCOMP composed of Shanghai,
He appeared on the front page of the Securities Times, saying that a “healthy” bull market after the pandemic is now more important than ever to the economy.
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The German DAX DAX,
, French CAC 40 PX1,
and the UK FTSE UKX,
everything was advancing by about 2%.
Futures in the Dow Jones Industrial Average YM00,
He got 343 points after the three-day weekend.
The markets continue to grow in sign of economic recovery. Non-farm payrolls rose 4.8 million in June, the US Department of Labor said last week. Germany announced Monday a 10.4% increase in new manufacturing orders for the month of May, which was 29.3% lower than last year, however.
Thanks to Davy Research, data from Google Mobility suggests that continental Europe is ahead of the United Kingdom and Ireland in the economic recovery.
In Ireland, the 7-day average of credit and debit card transactions is now only 4% below levels in early March, according to Davy Research, citing data from the central bank. Bars and hair salons reopened in the UK over the weekend, and Springboard reported that pedestrian activity in the UK, or footfall, increased 19.7% on Saturday.
The question is whether economic progress can continue with the increase in the number of coronaviruses.
States with more than half of the U.S. population now meet one or none of the CDC’s recommended selection criteria for reopening, say analysts at Goldman Sachs, who have reduced their view of economic growth separately. for the year to a contraction of 4.6% compared to a recession of 4.2%.
British manufacturers have increased. Barratt Developments BDEV,
It rose 5% as it indicated that average private net reserves per active production per week were 0.63 in the past six weeks, compared to 0.69 last year. Rivals Persimmon PSN,
y Taylor Wimpey TW,
He also jumped.